XAUUSD Under Pressure, Testing Support

XAUUSD Analysis – The strengthening of the US dollar is influencing the movement of XAUUSD. XAUUSD is once again declining towards the support area between 1915.90 and 1912.81.

Today’s Trading Strategy:

There is a selling opportunity for XAUUSD today as long as it does not break above the range of 1933.77 – 1937.41, with the potential to decline to the area between 1915.90 – 1912.81.

Alternative Scenario:

A breakthrough above the resistance area of 1933.77 – 1937.41 could potentially push XAUUSD higher towards the range of 1945.96 – 1948.47.

Resistance Levels

• R1: 1937.41
• R2: 1948.47
• R3: 1955.51

Support Levels

• S1: 1912.81
• S2: 1899.74
• S3: 1887.83

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